Donegal Group Q2 net income $4.2M ($0.13 EPS) vs $2.0M; premiums up 8.3%

DONEGAL GROUP INC

Net income of $4.2M ($0.13 diluted Class A EPS) vs $2.0M ($0.06) in Q2 2023, up 108%.
Net premiums earned rose 8.3% to $234.3M; net premiums written increased 9.1% to $247.2M.
Combined ratio improved to 103.0% from 104.7%, still above 100 indicating underwriting loss.
Book value per share $14.48 at June 30, 2024, down from $14.68 a year earlier.
Non-GAAP operating income per Class A diluted share $0.11 vs $0.00 prior year.

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